What exactly is China doing with all our money?

April 2, 2024
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In case you haven’t noticed, China runs a substantial trade surplus with the world and the United States in particular, and its foreign reserves come to $3.3 trillion dollars equivalent, and just under $1 trillion US. Actually, the US holding has declined slightly from its record, partly from diversification and partly from interest rates going […]


Inflation: Does Say’s Law even Apply?

September 14, 2021

I was watching the latest hearing of Jerome Powell before the Senate Banking committee (as one does), and as expected the Democrats were congratulating themselves on unemployment being so low and workers finally having enough bargaining power in the labor market to acquire higher real incomes for the first time in forever. And then both […]


They won’t buy Seagate, but I won’t sell it

November 30, 2010

It appears that Seagate (STX) will not be taken over after all, as it has rebuffed its buyers for not meeting their price. The stock price seems to have taken this development in stride, dropoping only 3.25% today. However, the market’s incurable impatience had already caused the price to drift down from the $15 level […]